.01 is one percent not ten percent!!!
>> .01 is one percent not ten percent!!!
.01 is a fractional value. One percent is 1%. But the article has written: .01% which is precisely one one-hundredth of one percent that when expressed as a fractional value is equivalent to 0.0001. That said, the decimal point in the article isn’t that obvious, and the value should have been written as 0.01% for clarity.
0.01% => 0.0001
Multiply $100,000 by 0.0001 to get $10.